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the subjective nature of chart patterns causes a big problem when judging their accuracy. There are no universal official objective definitions for chart patterns. One man's cup and handle is not another man's cup and handle.

My best and worst investment decision was the same transaction. I bought MEDX several years ago at an average cost around $3 a share ( this is way before it took off and before all the splits of recent years ). Anyway, it ran to $9 in a few months for a nice position trade. I thought I hit the...

actually at any given time a large percentage ( but not the majority ) of individual stocks are ponzi schemes and during bubble periods there are more ( etoys, razf, etc. ). But to say that the entire market is a ponzi scheme is a bit of a stretch. Companies with operating profits and positive...

I didn't intend that to be mean. Don't become a true believer lundy, don't drink the koolaid. There is no holy grail.

I'm trying to understand this rebate thing. How much of their commissions were/are getting rebated ? Was/is anybody trading for "free" commissions ?

its 959.37 right now.

the 10 day limit is true. I haven't been able to find a free service that allows more than 10 days at a time of intraday charts.

I was about to ask that question and somebody beat me to it. I have heard there is another one called Navillus Securities but I don't know much about them.

Ebay is sure looking strong.

I stopped posting to the yahoo message boards for the same reasons so I understand. At least here there is less childish personal name calling and usually some form of logic in the responses. I can say that I have learned a couple of things from this site and received some free entertainment, so...

MSFT, ORCL, and EMC are all looking a lot better although I'm not playing them unless they breakout.

www.bigcharts.com

If I heard of a prop firm that advertised that over 50% of their traders made net profits for the calendar year of 2001 due to their unique market neutral tape reading strategy, I would probably go work for them. But nobody makes such a claim.

ok I hear the part about tape reading. But how is that not taking a directional stance? You are still using some kind of a "method" to make a directional bet. The only difference is your time frame and your stop loss point.

if you buy stock without hedging it in any way then you have made a directional bet. Shortening your time frame down to a few minutes, or shrinking your profit objective or stop loss down to pennies does not make it a non-directional bet. If you buy long you want it to go up. If you sell short...

ok rs7 you explained this bullet thing to me and I think I missed something. From what you said it sounds like the "short against the box" strategy where stock is held long in one account an shorted in another ( done for tax reasons to lock in profits until after a deadline ).

I too am an IT guy who has been accused of being negative. The happy medium is definitely the way to go. Being too positive or too negative and it means your decisions will be based on emotion instead of rational thought. Also in my personal experience, the only field where "irrational...

I am primarily a swing trader and I always try to buy calls on a down day. That is the only way to get cheap calls. If you jump on an uptrend with calls like you would with the stock you will be paying too much. If you buy on a friday afternoon you are giving away time premium. If the underlying...

I read the post by the programmer and partially agree. However since I have worked in various IT jobs besides programmer, and known many programmers personally, I can tell you that IT has become much more social and consequently much more filled with BS in the past few years. Lots of more...

what is really messing everything up are these accounting scandals. If we didn't have that factor I think we would have had a nice oversold rally already; it seemed like one was about to happen before the worldcom news. But, the accounting scandals are real and there will probably be a lot...